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dc.contributor.authorMalin, Mirela
dc.contributor.authorBornholt, Graham
dc.date.accessioned2017-05-03T14:05:54Z
dc.date.available2017-05-03T14:05:54Z
dc.date.issued2013
dc.date.modified2014-01-09T23:09:50Z
dc.identifier.issn1042-4431
dc.identifier.doi10.1016/j.intfin.2013.01.002
dc.identifier.urihttp://hdl.handle.net/10072/55471
dc.description.abstractThis paper documents evidence of reversals in the long-term returns of international equity markets. We use recent short-term performance to better select contrarian securities that appear ready to reverse. Our late-stage contrarian strategy consistently provides stronger evidence of long-term return reversal than does the traditional pure contrarian strategy when applied to developed and emerging market indices. Despite an absence of cross-sectional contrarian profits for developed markets in our post-1989 subsample, longitudinal analysis provides strong evidence of reversals during this period. Overall, our results suggest that the reversal of long-term returns may be stronger and more pervasive than is generally understood.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.languageEnglish
dc.language.isoeng
dc.publisherElsevier
dc.publisher.placeNetherlands
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofpagefrom1
dc.relation.ispartofpageto17
dc.relation.ispartofjournalJournal of International Financial Markets, Institutions & Money
dc.relation.ispartofvolume25
dc.rights.retentionY
dc.subject.fieldofresearchBanking, finance and investment
dc.subject.fieldofresearchcode3502
dc.titleLong-term return reversal: Evidence from international market indices
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.date.issued2013
gro.hasfulltextNo Full Text
gro.griffith.authorMalin, Mirela D.


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